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TECHS: Oil Futures Dictate Price......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Oil Futures Dictate Price Action
The pullback in oil futures saw USDCAD rally to highs of 1.3305, before fading.
Rate consolidates in narrow range trade with the cloud base at 1.3317 so far
capping topside gains. Above here brings the 100-dma & 38.2% retracement of
1.3565-1.3226 into view at 1.3348/55. Bears need to take out the 200-dma at
1.3275 to return the focus to the Jun 10 low & 50% retracement at 1.3226/24.

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